USA - NYSE:NGG - US6362744095 - ADR
We assign a technical rating of 8 out of 10 to NGG. Although NGG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
NGG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
55.44
We found 4 important support areas.
We found 1 important resistance area.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGG is up. |
| ChartMill Relative Strength | 71.84 | POSITIVE | NGG has a high relative strength, it outperformed 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.7 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests NGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.08 | OVERBOUGHT | The high Stochastics value suggests NGG may be overbought. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 32.88 | POSITIVE | The high ADX value value for NGG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.96 | 73.27 | 3.69 (4.79%) | 20.86% |
| An entry @76.96. This is a Buy Stop order right above the resistance zone. | An exit @73.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.69 points, which is 4.79%. | For a 1.00% total portfolio risk, you can invest 20.86% of your capital in this trade. |
76.7
-0.2 (-0.26%)